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Suspend Vehicle Importation Ban, Reps tell Buhari

The House of Representatives has asked the Federal Government to suspend its new policy of banning the importation of vehicles through land borders. The lawmakers specifically advised President Muhammadu Buhari to intervene by urgently directing the Nigeria Customs Service to reverse the policy. The policy is...

Go After MMM Promoters, Reps Tell EFCC, CBN

The House of Representatives has asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters of the Mavrodi Mondial Moneybox, otherwise known as MMM, in Nigeria. Lawmakers strongly opposed the investment scheme, which has lately gained...

Dogara, Tambuwal, Others Fault Budgeting Process

The Speaker of the House of Representatives, Yakubu Dogara; Governor of Sokoto State, Aminu Tambuwal; Deputy Senate President, Ike Ekweremadu; and other civil society organisations has faulted the country’s current budgeting process, stating that it did not support inclusiveness. They made their position known in...

Buhari Seeks Emergency Powers to Tackle Economy

President to meet Saraki, Dogara Bill to rescue economy ready President Muhammadu Buhari will be seeking emergency powers from the National Assembly to push his planned stimulus for the economy. The objectives of the action-plan on the economy, which is in recession, include shoring up the value...

Nigeria May Become Net Importer of Crude Oil -Experts

Experts in the oil and gas sector have warned that Nigeria may become a net importer of crude oil in view of the ongoing destruction of oil installations in the Niger Delta region. The experts, who spoke at a stakeholders’ roundtable on the perennial fuel...

Dogara Recommends Stiffer Sanctions against Errant Capital Market Operators

The Speaker, House of Representatives, Yakubu Dogara has said that appropriate sanctions against operators who commit infractions would go a long way in restoring investor confidence in nation’s capital market He therefore promised that the parliament would strengthen capital market laws to empower regulators to...